The Industrial Computed Tomography Equipment Market is projected to grow by USD 147.3 million from 2024-2028, driven by rising demand from the oil and gas industry - Technavio

NEW YORK, Sept. 10, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global industrial computed tomography equipment market size is estimated to grow by USD 147.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.46% during the forecast period. Renewed demand from the oil and gas industry is driving market growth, with a trend towards rising demand for portable radiography equipment. However, high cost of industrial computed tomography equipment poses a challenge. Key market players include Avonix Imaging, Baker Hughes Co., Blue Star Ltd., Bruker Corp., Carl Zeiss AG, Comet Yxlon GmbH, CyXplus SAS, Dandong Aolong Radiative Instrument Group Co. Ltd., General Electric Co., Nikon Corp., North Star Imaging Inc., OMRON Corp., Pinnacle X ray Solutions Inc., ProCon X Ray GmbH, Rigaku Corp., RX Solutions, Shanghai Eastimage Equipment Co. Ltd., Shimadzu Corp., VJ Group Inc., and Werth Messtechnik GmbH.

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     Forecast period        
     2024-2028



     Base Year                                                                                                                                                                                                       2023



     Historic Data          
     2018 - 2022



     Segment Covered          Application (Flaw detection and inspection, Assembly analysis, Failure analysis, and Others), End-user (Automotive, Aerospace, Electronics, Oil and gas, and Others), and Geography (APAC,
                                Europe, North America, South America, and Middle East and Africa)



     Region Covered         
     APAC, Europe, North America, South America, and Middle East and Africa


      Key companies profiled   Avonix Imaging, Baker Hughes Co., Blue Star Ltd., Bruker Corp., Carl Zeiss AG, Comet Yxlon GmbH, CyXplus SAS, Dandong Aolong Radiative Instrument Group Co. Ltd., General Electric Co.,
                                Nikon Corp., North Star Imaging Inc., OMRON Corp., Pinnacle X ray Solutions Inc., ProCon X Ray GmbH, Rigaku Corp., RX Solutions, Shanghai Eastimage Equipment Co. Ltd., Shimadzu Corp., VJ
                                Group Inc., and Werth Messtechnik GmbH

Key Market Trends Fueling Growth

Portable industrial computed tomography (CT) equipment is increasingly preferred by businesses in industries like oil and gas, automotive, and aerospace. The equipment's mobility allows for inspections at various locations and positions, making it particularly useful for industries with geographically dispersed assets. In oil and gas, a single CT system can serve multiple rigs and pipeline points. Companies such as Bruker, ProCon X-Ray GmbH, and Nikon provide portable CT solutions. Bruker's SKYSCAN 1174 and ProCon X-Ray's CT-PORTABLE models cater to small objects and various materials. These compact, portable systems reduce testing expenses by enabling inspections at vendors' locations, thereby eliminating high installation costs. This trend is anticipated to fuel the growth of the global industrial CT equipment market.

The Industrial Computed Tomography (CT) Equipment Market is experiencing significant growth due to increasing adoption of advanced software solutions, artificial intelligence, and machine learning in image reconstruction and visualization tools. Industrial CT solutions are becoming essential for industries like aerospace and defense, nuclear power, and MRO processes, where precise dimensional analysis and failure analysis are crucial. Companies like Cyient, Collins Aerospace Systems, and Exact Metrology are leading the way with innovative CT scanning technology. However, challenges such as compatibility issues, image resolution, noise reduction, and artifacts persist. Safety concerns and data management are also key considerations. The market is witnessing educational initiatives to raise awareness and build technical expertise. Key players are investing in 3D metrology, fan-beam CT, cone-beam CT, and non-destructive testing for applications in aircraft parts, materials, and additive manufacturing. GDF Suez, Areva, McLaren, and the defense sector are also adopting CT technology for various applications.

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Market Challenges

    --  Industrial computed tomography (CT) equipment is utilized by product
        manufacturers to ensure quality and safety in their production
        processes. OEMs in the automotive and aerospace industries are
        particularly interested in CT equipment due to its potential to enhance
        inspection quality and productivity, while reducing maintenance and
        ownership costs. However, the high cost of industrial CT systems, which
        can range from USD300,000 to over USD1,200,000 for advanced models,
        poses a significant challenge for small- and medium-sized enterprises
        (SMEs). These enterprises may find it difficult to justify the
        investment due to longer return on investment timelines. In contrast,
        medical CT equipment, which ranges from USD60,000 to USD300,000, is more
        affordable and accessible for a wider range of end-users. Despite the
        benefits, the high cost of industrial CT equipment may hinder market
        growth, particularly for SMEs in cost-sensitive industries.
    --  The Industrial Computed Tomography (CT) Equipment Market is witnessing
        significant growth due to increasing demand from various sectors like
        Aerospace and Defense, Automotive, Electronics, Nuclear Power, and MRO
        processes. CT scanning technology is essential for flaw detection and
        quality assurance in these industries. Companies like Cyient and Collins
        Aerospace Systems are leading providers of CT scanning services and
        equipment. Additive manufacturing and Industrial X-ray are key
        applications driving the market. CT systems help in non-destructive
        testing of aircraft parts, nuclear fuel rods, and electronic components.
        High-precision, high-resolution 3D imaging enables detection of even the
        smallest defects or faults, ensuring product quality and safety. Major
        players focus on innovation to meet safety standards and offer advanced
        services. For instance, McLaren uses CT scanning for automotive racing
        car engine analysis. GDF Suez, Areva, and Defense industries use CT
        systems for nuclear fuel inspection. CT scanners provide 3D
        visualization of internal structures, revealing material properties and
        structural flaws. The Equipment, Services, and Inspection sectors
        benefit from this technology, ensuring reliability and precision in
        their offerings.

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Segment Overview

This industrial computed tomography equipment market report extensively covers market segmentation by

    1. Application
        --  1.1 Flaw detection and inspection
        --  1.2 Assembly analysis
        --  1.3 Failure analysis
        --  1.4 Others
    2. End-user
        --  2.1 Automotive
        --  2.2 Aerospace
        --  2.3 Electronics
        --  2.4 Oil and gas
        --  2.5 Others
    3. Geography
        --  3.1 APAC
        --  3.2 Europe
        --  3.3 North America
        --  3.4 South America
        --  3.5 Middle East and Africa

1.1 Flaw detection and inspection- The Industrial Computed Tomography (CT) Equipment market is experiencing steady growth due to increasing demand from various industries such as automotive, aerospace, and pharmaceuticals. CT equipment provides detailed, three-dimensional images of internal structures, enhancing product design, quality control, and diagnostic capabilities. Companies invest in this technology to improve efficiency, reduce costs, and gain a competitive edge. Market leaders include GE Healthcare, Siemens Healthineers, and Philips Healthcare.

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Research Analysis

Industrial Computed Tomography (CT) equipment is revolutionizing non-destructive testing and inspection in various industries, including aerospace and defense, automotive, electronics, and MRO processes. CT scanning technology, also known as Industrial X-ray, utilizes high-energy radiation to produce cross-sectional images of complex structures, enabling flaw detection and quality assurance in aircraft parts, materials, and components. This technology is essential for safety and product quality in industries where precision and defect-free production are critical. Companies like Cyient and Collins Aerospace Systems are at the forefront of implementing CT scanning technology in the aerospace sector for flaw detection and material analysis. Areva, in the defense sector, also uses CT scanners for quality control and safety inspections. The electronics sector benefits from CT scanning for precision inspection of intricate components, while the automotive sector uses it for analyzing engine parts and assembly lines. Overall, CT scanning technology is a game-changer in the inspection sector, contributing significantly to the equipment and services sectors.

Market Research Overview

Industrial Computed Tomography (CT) equipment is revolutionizing non-destructive testing and inspection in various industries, including aerospace and defense, automotive, electronics, nuclear power, and MRO processes. CT scanning technology uses high-resolution X-ray technology to create 3D images of internal structures, enabling the detection of even the smallest defects, flaws, and faults. Industrial CT systems provide precision, reliability, and safety, ensuring product quality and adherence to safety standards. The adoption of CT scanning technology is increasing due to awareness, educational initiatives, and the availability of advanced software solutions, including image reconstruction, visualization tools, and machine learning algorithms. However, challenges such as compatibility issues, image resolution, noise reduction, artifacts, safety issues, and data management remain. Industrial CT solutions are used in industries like aerospace and defense for flaw detection in aircraft parts, materials, and components. In the nuclear power sector, CT scanning is used for failure analysis, assembly analysis, and dimensional analysis. The automotive sector uses CT scanning for quality assurance, while the electronics sector benefits from its use in 3D metrology and material properties analysis. Industrial CT systems are essential for safety, quality control, and product development in various industries, including Cyient, Collins Aerospace Systems, McLaren, GDF Suez, Areva, and defense organizations. The use of CT scanning technology in the inspection sector is transforming the equipment and services sectors by providing high-precision, non-destructive testing and inspection solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

    --  Application
        --  Flaw Detection And Inspection
        --  Assembly Analysis
        --  Failure Analysis
        --  Others
    --  End-user
        --  Automotive
        --  Aerospace
        --  Electronics
        --  Oil And Gas
        --  Others
    --  Geography
        --  APAC
        --  Europe
        --  North America
        --  South America
        --  Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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